Long Beach, CA 90813,1442 Alamitos AVE
Long Beach, CA 90813,1442 Alamitos AVE
Long Beach, CA 90813,1442 Alamitos AVE
Long Beach, CA 90813,1442 Alamitos AVE
Long Beach, CA 90813,1442 Alamitos AVE
Long Beach, CA 90813,1442 Alamitos AVE
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$670,000

$670,000

Est.Price: ?

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Est. payment /mo

2,016 Sqft Lot


SOLD DATE : 10/06/2022

Key Details

Sold Price $670,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PV22125273

Sold Date 10/06/22

HOA Y/N No

Year Built 1923

Lot Size 2,016 Sqft

Property Description

A gorgeous, income-producing, recently-remodeled triplex near the bustling downtown area and Long Beach Community College. You will struggle to find a more affordable triplex in Long Beach. Five minutes from Alamitos Beach with easy access to the 710 and 405 freeways. The property was remodeled in 2021 with a new roof, new bathrooms, and interior and exterior paint throughout. The property is well furnished and is being sold with the furniture. Two units are on month-to-month leases, and the third unit is being rented as an Airbnb rental. The tenants and residents have access to a shared, on-site laundry. This property cashflows well and is being offered at a 10x GRM relative to existing income levels. All three units are studios.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4R

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Pool None

Community Features Street Lights, Sidewalks, Urban

Private Pool No

Building

Lot Description Front Yard

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7268019009

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by George Chigogidze • George Chigogidze, Broker
Bought with Lara Andrews • Compass
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6 Jenner, Unit # 250, Irvine, CA, 92618

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